Power Corporation of Canada T.POW.PR.B

Financials are out…

[CrashonTrees]

10 to 15% down tomorrow. Disaster.

[pierrelebel]

Reading the Q1 results carefully I frankly see no reason for the shares to move up or down tomorrow.

[CrashonTrees]

Hope you're right. But it's about what people expected, it's not good and not looking good short term.

[Schussing56]

I imagine the decoupling from Russian interests is having a pretty big impact. I think the miss has already been baked in to the share price as, I'm sure the market has been expecting it. The question now is, what can POW do to improve things for next quarter, if anything? 

[CrashonTrees]

I don't think they can do anything but ride it out. 

[Schussing56]

Wow was I ever wrong! Down nearly 6%! POW's Wealth Simple seems to be a big hit with Canadian Investors, especially their automated trading strategies. As I say, I think it's going to be tough to replace the business in Russia. I think that was nearly 20% of POW's revenues. I don't see too much more bleeding in the short-term due to successful diversification this past few quarters